Investing.com - The U.S. dollar trimmed losses against its Canadian counterpart on Friday, although downbeat U.S. retail sales data and fresh concerns over geopolitical tensions continued to weigh.
USD/CAD was down 0.16% at 1.2144 by 09:30 a.m. ET (13:30 GMT).
The greenback weakened after a report showing that U.S. industrial and manufacturing production unexpectedly fell in August.
The data came shortly after the U.S. Commerce Department said retail sales unexpectedly fell by 0.2% in August.
On a more positive note, the Empire State manufacturing index rose to 24.40 this month from 25.20 in August, compared to expectations for a decline to 19.00.
The dollar had already come under pressure following news late Thursday that North Korea fired a missile over Japan into the Pacific Ocean. It was the peninsula's second missile launch over Japanese territory in just over two weeks.
Japan reacted by saying that Pyongyang has “no bright future” and called for an emergency meeting of the U.N. security council.
U.S. Secretary of State Rex Tillerson called for the international community to take “new measures” against North Korea, singling out Russia and China as the countries best placed to apply pressure on the regime.
Separately, a bomb exploded on a rush-hour commuter train in London injuring 22 people on Friday, in what was being treated as the fifth terrorism attack in Britain this year.
The loonie was lower against the euro, with EUR/CAD advancing 0.42% to 1.4558.